After two weeks of indecision and back-and-forths with Brazil, Germany has agreed to invest 1 billion euros ($1.1 billion) in the Tropical Forest Forever Facility, or TFFF, the forest investment fund designed by the South American nation, Brazil’s environment and climate change minister told reporters.
“We are happy that Germany made the announcement of its contribution,” Marina Silva said on Wednesday evening.
The Brazilian announcement was a departure from previous commitments, which came directly from the investing countries.